Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
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One Pay Option
aawaara2
Member Posts: 2
I know I should never do down payment on a leased car. If the car is totaled or stolen, I will lose all my money.
Is the same true for one payment option.
Thanks
-Newbe
Is the same true for one payment option.
Thanks
-Newbe
0
Best Answer
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kyfdx
Moderator Posts: 265,398
A single pay lease is structured just like a regular lease, but with a lower money factor (in exchange for all of the payments being made upfront). If the lease ends early because of a total loss, it is assumed the payments were being made as a normal lease, and the single pay amount is pro-rated and the remaining "payments" are returned to the lessee.Edmunds Price Checker
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